The slight EPS miss vs consensus ($0.76 vs $0.77) may cap near-term upside, but the strong revenue growth and regulated rate case tailwinds support steady utility performance. Monitor the pace of capital investment and any regulatory updates from the CPUC for longer-term rate base growth.
Price Chart
Executive Summary
American States Water Company (AWR) reported Q1 2026 EPS of $0.76, up 8.6% YoY but slightly below the $0.77 consensus. Revenue rose 14.3% to $169.2M, driven by rate increases across all segments. The contracted services segment guidance of $0.63-$0.67 per share for full year 2026 was maintained. The dividend remained at $0.5040 per share.
Key Financial Metrics
Key Facts
- Diluted EPS of $0.76 vs $0.70 in Q1 2025, an 8.6% increase.
- Total revenue $169.2M vs $148.0M, up 14.3% YoY.
- All segments contributed higher EPS: water +$0.03, electric +$0.01, contracted services +$0.02.
- Consensus EPS estimate was $0.77, actual $0.76 (in-line).
- Quarterly dividend unchanged at $0.5040 per share.
- ATM offering program has $34.3M remaining capacity as of March 31, 2026.
- Contracted services segment expected to contribute $0.63-$0.67 per share for full year 2026.
- Capital investment target of $185-$225 million for 2026.
Financial Impact
EPS $0.76 vs consensus $0.77 (in-line); revenue $169.2M grew 14.3% YoY
Risk Factors
- California regulatory environment and potential volatility from modified rate adjustment mechanism.
- Water supply cost volatility due to wells temporarily offline.
- Dilution from ongoing ATM equity offering ($34.3M remaining).
- Interest rate sensitivity on debt and pension plan investments.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-031373 |
| Document: awr-20260506.htm | 0001628280-26-031373 |
| Document: 0001628280-26-031373-index-headers.html | 0001628280-26-031373 |
| Document: 0001628280-26-031373-index.html | 0001628280-26-031373 |
| Document: 0001628280-26-031373.txt | 0001628280-26-031373 |
| 8-K Data (Synthetic) | 0001628280-26-031373 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 6w ago | Institutional Cluster | $87.87 $86.45 | ▼ −1.62% | ▲ +0.36% | $82.82 (−5.75%) |
May 21, 2026 19w ago | 8-K | $76.29 $77.84 | ▲ +2.03% | ▲ +1.69% | $82.82 (+8.56%) |
May 20, 2026 19w ago | Insider Cluster | $75.96 $77.11 | ▲ +1.51% | ▲ +0.77% | $82.82 (+9.03%) |
May 20, 2026 19w ago | Insider Cluster | $75.96 $77.11 | ▲ +1.51% | ▲ +0.77% | $82.82 (+9.03%) |
May 6, 2026 21w ago | 8-K | $76.84 $76.27 | ▼ −0.74% | ▼ −3.88% | $82.82 (+7.78%) |
Apr 13, 2026 24w ago | DEFA14A | $75.44 $77.15 | ▲ +2.27% | ▼ −5.46% | $82.82 (+9.78%) |
Apr 3, 2026 26w ago | DEFA14A | $76.79 $76.07 | ▼ −0.94% | ▼ −9.92% | $82.82 (+7.85%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access